A Dark Vector Cognition product

Cover and table of contents

10K characters. Original on sec.gov ·

Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 28, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______.

Commission File Number 1-5480

Textron Inc.

(Exact name of registrant as specified in its charter)

Delaware05-0315468
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
40 Westminster Street, Providence, RI02903
(Address of principal executive offices)(Zip code)

(401) 421-2800

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol (s)Name of each exchange on which registered
Common stock, $0.125 par valueTXTNew York Stock Exchange (NYSE)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act (Check one):

Large accelerated filerþAccelerated filer☐Non-accelerated filer☐
Smaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ

As of July 11, 2025, there were 178,205,295 shares of common stock outstanding.

TEXTRON INC.

Index to Form 10-Q

For the Quarterly Period Ended June 28, 2025

Page
PART I.FINANCIAL INFORMATION
Item 1.Financial Statements
Consolidated Statements of Operations (Unaudited)3
Consolidated Statements of Comprehensive Income (Unaudited)4
Consolidated Balance Sheets (Unaudited)5
Consolidated Statements of Cash Flows (Unaudited)6
Notes to the Consolidated Financial Statements (Unaudited)8
Note 1. Basis of Presentation8
Note 2. Accounts Receivable and Finance Receivables9
Note 3. Inventories10
Note 4. Accounts Payable and Warranty Liability10
Note 5. Leases10
Note 6. Debt11
Note 7. Derivative Instruments and Fair Value Measurements11
Note 8. Shareholders’ Equity13
Note 9. Segment Financial Information16
Note 10. Revenues18
Note 11. Retirement Plans20
Note 12. Special Charges20
Note 13. Income Taxes21
Note 14. Commitments and Contingencies21
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22
Item 3.Quantitative and Qualitative Disclosures about Market Risk31
Item 4.Controls and Procedures31
PART II.OTHER INFORMATION
Item 1A.Risk Factors32
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds32
Item 5.Other Information32
Item 6.Exhibits33
Signatures34

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements